On Deribit, large ETH options are bought for a bullish option of $3400 by the end of this year and sold for a bullish option of $4600

Lin Chen, the head of Deribit's Asia-Pacific business, posted on platform X that today's largest ETH block option: an investor bought a $3400 Ethereum call option for the end of this year and sold a $4600 Ethereum call option, totaling 750 ETH. They paid a premium of $266,000. The related transaction is long-term bullish and hopes to use the bull market spread to reduce risk while increasing leverage. If the price of ETH exceeds the break-even point of $3800 at that time, they can make a profit.